LTIMindtree announced a multi-million dollar contract extension with Absa Bank, an African financial services group, to drive its digital transformation journey. The extended partnership builds upon a 17-year collaboration, where LTIMindtree has been instrumental in driving Absa Bank’s digital transformation journey.
Absa Group Limited, a publicly traded company on the JSE, is one of Africa’s largest diversified financial services groups. The company has footprints across 12 African countries, China, the United Kingdom, and the United States.
LTIMindtree will act as a one-stop shop for Absa Bank’s IT needs, providing all IT services for Absa Bank, including Digital Transformation, Applied AI, Cloud Acceleration, Data-Driven Decision Making, and Core Banking Modernization.
Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group said, “With a relationship of 17 years, LTIMindtree has delivered tangible business value to our banks over a protracted period. Together, we deliver stable and robust services to our customers in the African continent. We are confident that extending this partnership will enable our business growth even further and assist us in continuously enhancing value for our customers, making our banks even more competitive.”
Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree, said, “We are proud to be a trusted strategic partner for Absa Bank, celebrating over 17 years of successful collaboration. Through this renewal, we will continue to deliver best-in-class core banking solutions, encompassing digital, branch, and payment technologies for Absa’s customers. These solutions span multiple markets and focus on increased localization. We are confident that through our deep industry knowledge and advanced data and analytics capabilities, we will continue to accelerate Absa Bank’s transformation journey. This will empower them to achieve their strategic goals of becoming a client-centric and technology-first bank.”
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